Newbie looking for help with S&S Isa fees

spexs

I’m planning to dip my toe into an S&S ISA and am trying to understand charges which seem to be an important factor to consider. In Martin’s post he promotes his Wealthify (Aviva) offer as being 0.6% plus 0.15% total 0.75%. However going on the actual Aviva site the %age fees for the Medium to High risk fund are 0.66%. Am I missing something.

Thank you

TheBanker

Wealthify and Aviva are not the same thing. Aviva own Wealthify, but they also offer their own ISAs. It looks like you are looking at Aviva's ISAs rather than Wealthify.

If you follow the link from the MSE Article it confirms the annual management fee is 0.6% plus the fund charge which of approx 0.15% or 0.58% for ethical funds. If you use the MSE link the 0.6% is waived for your first year: https://www.moneysavingexpert.com/savings/stocks-shares-isas/

I make no comment on whether Wealthify is a good platform or not - in my opinion 0.6% isa high fee but it seems to be typical for the Robo Investment platforms. It's probably ok if you're starting out with a small balance but as your balance grows, so will the fee.

spexs

https://forums.moneysavingexpert.com/discussion/comment/81922820#Comment_81922820

Thank you, that’s helpful. Do you know of any providers who have lower fees?

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81922903#Comment_81922903

https://monevator.com/compare-uk-cheapest-online-brokers/ lists plenty of options…